ONGC awards over Rs 11,700-cr contract to develop ‘KG-DWN-98/2’ project

Sarkaritel
By Sarkaritel October 4, 2018 10:44


New Delhi, Oct 4  State-run ONGC has awarded a major work package worth Rs 11,740.86 crore ($1,694.45 million) to a consortium of companies for integrated development of “KG-DWN-98/2” project located on the East Coast.

According to the company, the consortium of BHGE, McDermott and L&T hydrocarbon has been awarded the contract.

“This tender is one of the biggest integrated tenders awarded globally in recent years,” the company said in a statement on Wednesday.

“ONGC envisages commencement of first gas production by December 2019, first oil by March 2021 and overall project completion by August 2021.”

Sarkaritel
By Sarkaritel October 4, 2018 10:44